Property in Romania

Romania and Bulgaria to mark highest European growth in retail property

Romania and Bulgarie would register the highest growth in newly build retail property by the end of 2007. The retail property growth would reach 150 per cent by 2007, the report said as quoted by the Romanian English language daily Nine O’clock.

Once Romania enters the European Union, it will become the second biggest retail property market in Central and Eastern Europe after Poland. Romania plans to construct trade centres of total area of 560 000 sqm. The countries from Central and Eastern Europe would register the highest growth in retail property supply, the report said.

Date posted: November 3, 2006